iOS app Android app

Cbo

Verizon's Tax Payments vs. Average Worker's Withholding Tax Payments

Bruce Kushnick | Posted 04.15.2016 | Business
Bruce Kushnick

These losses had multiple benefits to Verizon. Besides not having to pay most taxes, these massive losses per year were used to claim that the local phone networks are unprofitable and VNY received multiple rate increases, in part, to make up for these losses.

The Hidden Social Security Battle: CBO and Other Non-Actuaries Distort the Debate

Nancy Altman | Posted 02.29.2016 | Politics
Nancy Altman

The movement to expand Social Security is gaining speed. In hopes of derailing the popular and profoundly wise expansion movement, those determined to cut Social Security are playing games with the numbers.

New CBO Estimates Confirm: Social Security Benefits Are Modest

Paul N. Van de Water | Posted 02.18.2016 | Politics
Paul N. Van de Water

Social Security benefits replace only about 40 percent of an average retiree's recent earnings, new Congressional Budget Office (CBO) estimates show.

Latest CBO Figures Give Incomplete Picture of Health Reform

Edwin Park | Posted 02.01.2016 | Politics
Edwin Park

Some critics cite the Congressional Budget Office (CBO) estimates of enrollment in health reform's marketplaces to argue that health reform is losing ...

CBO's Obamacare Estimates: Breaking Through the Floor

D. Brad Wright | Posted 01.26.2016 | Politics
D. Brad Wright

The question we face now is how to improve implementation and outreach efforts. First off, there are the 20 states that have still refused to expand their Medicaid programs, denying insurance coverage to their most vulnerable residents.

CBO: Senate-Passed Budget Bill Would Reverse Almost All of Health Reform's Coverage Gains

Edwin Park | Posted 12.04.2015 | Politics
Edwin Park

The Senate-passed budget reconciliation bill would boost the number of uninsured Americans by at least 22 million starting in 2018, relative to current law. Thus, virtually all (at least 92 percent) of the historic health coverage gains that CBO expects health reform to achieve by 2018 would be lost.

Hillary Clinton Calls For Eliminating Obamacare's 'Cadillac Tax'

The Huffington Post | Jonathan Cohn | Posted 09.30.2015 | Politics

Hillary Clinton on Tuesday announced she wants to eliminate the “Cadillac tax,” a key feature of the Affordable Care Act that economists love and ...

New CBO Report Offers Yet Another Reason to Expand Social Security

Nancy Altman | Posted 06.19.2016 | Politics
Nancy Altman

The last time that we had large and growing inequality was during the so-called Roaring Twenties, which ended with the Great Depression. As part of the response, we enacted Social Security. We should learn from the past.

Jeffrey Young

Obamacare Subsidies To Cost Less Than Expected, CBO Says

HuffingtonPost.com | Jeffrey Young | Posted 03.09.2015 | Politics

WASHINGTON -- The price tag for Obamacare will be lower than previously expected, independent federal auditors reported Monday in the latest downward ...

Great News For Obamacare

Reuters | Posted 01.27.2015 | Business

WASHINGTON, Jan 26 (Reuters) - Obamacare will cost 7 percent less than expected over the next decade for federal subsidies to help lower-income people...

Michael McAuliff

Elizabeth Warren Explains How Anti-Obamacare Bill Is Corporate Welfare

HuffingtonPost.com | Michael McAuliff | Posted 01.22.2015 | Politics

WASHINGTON -- A bill that would redefine a full-time work week under the Affordable Care Act as 40 hours instead of 30 actually amounts to a break for...

Medicaid For Kids Largely Pays For Itself: Who Thinks The GOP's Magic Math Model Will Count That?

Ian Reifowitz | Posted 03.21.2015 | Politics
Ian Reifowitz

We're talking about something that requires far harsher condemnation. By lying about the numbers, Republicans are selling policies that take from the most vulnerable and give to the most fortunate.

Ed Kleinbard Calls Out 'Dynamic Scoring'

Jared Bernstein | Posted 03.07.2015 | Politics
Jared Bernstein

My personal opinion on all this: the change in the scoring rules is an effort to smooth the way to "tax reform" and the less we hear about "tax reform" in this Congress the better.

The Republican's Magical Mystery Tour (Starting Next Week)

Robert Reich | Posted 02.27.2015 | Politics
Robert Reich

According to reports, one of the first acts of the Republican Congress will be to fire Doug Elmendorf, current director of the non-partisan Congressional Budget Office, because he won't use "dynamic scoring" for his economic projections. Dynamic scoring is the magical-mystery math Republicans have been pushing since they came up with supply-side "trickle-down" economics. It's based on the belief that cutting taxes unleashes economic growth and thereby produces additional government revenue. Supposedly the added revenue more than makes up for what's lost when Congress hands out the tax cuts. Dynamic scoring would make it easier to enact tax cuts for the wealthy and corporations, because the tax cuts wouldn't look as if they increased the budget deficit.

Obamacare Is Making a Difference, But Here's What We Must Tackle Next

Wendell Potter | Posted 12.07.2014 | Politics
Wendell Potter

We still spend more per capita on health care than any other country. In that sense, the law doesn't do enough to address the "real cost drivers" of medical inflation.

The Republicans' Minimum Wage Class Warfare

Dale Hansen | Posted 09.21.2014 | Politics
Dale Hansen

The rise of the U.S. was very much tied to innovation and creation. This conservative propensity of arguing for antiquated occupations to save menial jobs instead of embracing the sort of change that made the U.S. the world power it is today is dangerous.

GOP Rep Gets Schooled By Economist During Tense Exchange

The Huffington Post | Chris Gentilviso | Posted 07.28.2014 | Politics

Leave it to one of the country's top economists to fill in Congress on how a key federal agency works. During a Wednesday morning House Budget Comm...

Finally! Someone Explains What All Those Obamacare Numbers Mean!

Anthony W. Orlando | Posted 09.10.2014 | Politics
Anthony W. Orlando

You're going to hear a lot about Obamacare this fall, especially from Republicans. They'll try to convince you that it was a bad deal. They'll throw numbers at you to make you think that the cost of health insurance is spiraling out of control. In all likelihood those numbers will be incorrect, but how will you know?

Lawmakers Slam Veterans Health Bill Cost Estimate

Reuters | Posted 08.24.2014 | Politics

By David Lawder WASHINGTON, June 24 (Reuters) - Cost estimates of up to $50 billion a year for a veterans emergency medical care bill ...

Insurers Are Fleecing Us Out of Billions While Congress Looks the Other Way

Wendell Potter | Posted 08.16.2014 | Politics
Wendell Potter

A year-long investigation by the Center for Public Integrity has revealed that health insurers may have fleeced taxpayers out of $70 billion in just five years.

Dehumanizing the Poor for Fun and Profit

Leo W. Gerard | Posted 07.05.2014 | Politics
Leo W. Gerard

The average net worth of the 41 GOP senators who opposed the first minimum wage increase in half a decade is $6.26 million.

Jeffrey Young

Your Guide To The Latest Freakout Over Health Care Spending

HuffingtonPost.com | Jeffrey Young | Posted 04.30.2014 | Business

Health care spending appears to be on the rise after several years of historically low growth, provoking a minor freakout about whether the bad old da...

CBO: Health Reform Is Working -- and Costing Less

Paul N. Van de Water | Posted 06.15.2014 | Politics
Paul N. Van de Water

Health reform will cut the rate of uninsurance nearly in half. CBO estimates that health reform will reduce the share of the non-elderly population without insurance from 20 percent in the law's absence to about 16 percent in 2014 and about 11 percent in 2016 and beyond. That's 26 million more people with health coverage.

Greenspan's Greed and the Federal Deficit

Harlan Green | Posted 05.28.2014 | Business
Harlan Green

We have you to thank, Dr. Greenspan, for those "opportunities for avarice" that resulted from of your unbridled enthusiasm for such policies at that time. It also brought on the Great Recession and record deficit we have today.

Understanding CBO's Minimum-Wage Report

Scott Lilly | Posted 05.06.2014 | Politics
Scott Lilly

As the uproar over the CBO analysis demonstrates, the issue of whether jobs are gained or lost as a result of a minimum-wage increase depends largely on how we analyze the vast amount of research that has been conducted on the question over the past half-century.